KCAP Financial (KCAP) Receiving Somewhat Negative News Coverage, Study Shows
News coverage about KCAP Financial (NASDAQ:KCAP) has been trending somewhat negative recently, according to Alpha One. Alpha One, a subsidiary of Accern, identifies negative and positive news coverage by reviewing more than twenty million blog and news sources in real time. Alpha One ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. KCAP Financial earned a media sentiment score of -0.06 on Alpha One’s scale. Alpha One also assigned press coverage about the financial services provider an impact score of 76 out of 100, indicating that recent news coverage is likely to have an effect on the company’s share price in the next few days.
Shares of KCAP Financial (NASDAQ KCAP) traded up 1.16% during mid-day trading on Monday, hitting $3.50. The stock had a trading volume of 44,550 shares. The firm has a 50 day moving average of $3.52 and a 200 day moving average of $3.86. The stock has a market cap of $128.82 million, a price-to-earnings ratio of 21.88 and a beta of 1.87. KCAP Financial has a one year low of $3.35 and a one year high of $4.89.
KCAP Financial (NASDAQ:KCAP) last announced its quarterly earnings results on Thursday, May 4th. The financial services provider reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by $0.01. The business had revenue of $7.77 million for the quarter, compared to the consensus estimate of $8.08 million. KCAP Financial had a return on equity of 8.59% and a net margin of 17.96%. On average, analysts forecast that KCAP Financial will post $0.39 earnings per share for the current year.
KCAP has been the topic of several research reports. Keefe, Bruyette & Woods restated a “hold” rating and set a $4.00 price objective on shares of KCAP Financial in a research note on Friday, April 28th. Zacks Investment Research upgraded KCAP Financial from a “sell” rating to a “hold” rating in a research note on Thursday, April 6th. ValuEngine cut KCAP Financial from a “buy” rating to a “hold” rating in a research report on Saturday, May 20th. Finally, BMO Capital Markets reiterated a “buy” rating and set a $16.00 price target on shares of KCAP Financial in a research report on Monday, May 1st. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. KCAP Financial has an average rating of “Hold” and an average price target of $8.33.
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KCAP Financial Company Profile
KCAP Financial, Inc is an internally managed, non-diversified closed-end investment company. The Company has approximately three principal areas of investments. First, the Company originates, structures and invests in senior secured term loans and mezzanine debt primarily in privately-held middle market companies (the debt securities portfolio).
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